Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: TobagoJack who wrote (20721)	7/4/2002 7:28:26 AM
From: elmatador	Read Replies (5) of 74559

The world economy has been drained of capital to a point which has impaired countries and companies to carry business on: "...US current account deficit, requiring net capital inflows (at the prevailing exchange rate) of at least Dollars 400bn (Pounds 275bn) every year..." See my posting of May 11th: Message 17454909 The US is siphoning capital from all corners of the world to keep the economy afloat and finance its deficit. This is an untenable situation which is not going to stay forever. As long as foreign currencies are being battered by small boys at Moody's or S&P the capital will keep flying into the US, but this is not going to be the situation which will be kept for much longer. The whole world would benefit from a total adjustment of the US economy and a flight from the dollar. This is ultimately necessary for the whole world good. The world is tired to carry the US on its back and subsidize their standard of living.

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